The Blur platform ranked first in the NFT market in terms of transaction volume.
Messari found that 60% of digital collection owners' transactions occur on Blur.
#Blur It started operating in October 2022 and quickly caught up with its main rival, OpenSea.
As a result, OpenSea's dominance in the tokenized collectibles market has fallen to 21%
Meanwhile, user engagement with NFT platforms has been weakening over the past few months, according to data from Dune Analytics.
The decline in interest in digital collectibles comes against the backdrop of capital exiting the crypto world.
Over the past seven months, the market value of NFT projects has fallen by 46%. During the same period, daily trading volume dropped by 98%.
While #NFT market participants traded an average of $420.4 million in mid-February, this figure dropped to $5 million in August.
